The House Select Committee on Strategic Competition between the United States and the Chinese Communist Party announced an investigation into investment firm BlackRock on Tuesday. In a Monday letter from committee Chairman Mike Gallagher (R-Wis.) and Ranking Member Raja Krishnamoorthi Thursday (D-Ill.) to BlackRock’s Chairman and Chief Executive Officer Larry Fink alleged the investment firm is using its “unwitting” American customers’ finances to fund Chinese companies that “develop and build weapons for the People’s Liberation Army – the PRC’s military – and advance the CCP’s stated mission of technological supremacy.” The committee’s account posted the letter to X, the platform form
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